Office Depot Shuttering 400 Stores, Because No One Wants To Compete Against Themselves

Are too many office supplies a bad thing? Apparently so for Office Depot and Office Max. As the merger of the two companies gets underway an overlap of stores in the same areas means some stores will be closing their doors.

The company expect 150 stores to close in 2014. Officials say there are no estimates on the number of jobs that will be affected by the store closures, but that it would look to place the best talent impacted by the closings into new roles with the company.